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Brad Garlinghouse Reveals What Would Happen To Ripple if XRP Is Declared a Security

Solomon Odunayo November 30, 2020 3 min read
Brad Garlinghouse: The Only Country That Deems XRP a Security Is the United States

Brad Garlinghouse, the CEO of the San Francisco based cross-border payment firm, Ripple, has in an interview with the Bitcoin maximalist, Anthony Pompliano, revealed what would become of the payment company if its native token XRP is declared a security by the United States Securities and Exchange Commission (SEC).

In the course of the conversation with Pompliano, Ripple CEO stated that XRP being declared a security by SEC would affect Ripple’s business in the United States. However, he pointed out that the company’s stateside business would remain unaffected.


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It can be recalled that Ripple is considering moving its headquarters to a region with a conducive regulatory environment. During the interview, Garlinghouse once again discussed the firm’s intention to move its business away from the United States.

Read Also: Ripple General Counsel: United States Regulators Are Pushing Innovators Out of the Country

Howbeit, the CEO remains resolute that the firm’s operation will not change even if XRP is declared a security. He then went further to state that Ripple’s future in the United States depends on Regulators’ interest:

A lot of what Ripple does today in the United States, we could continue to do, no problem.  A component of what we do today is our customers of ODL (On-Demand Liquidity) they buy XRP from us. If XRP, in fact, is a security, we would have to get a broker-dealer license. Anybody who’s buying and selling XRP in the United States would have to get a broker-dealer license.”

 “The reality is what we’d probably do is just say, ‘Okay, in order to provide certainty and clarity on a going-forward basis we would want to look at other markets and other jurisdictions where there is that clarity.’ Earlier in this conversation, I highlighted the UK. I highlighted Japan. I highlighted Singapore.” 

Read Also: CZ Binance Clarifies His Part in Steem Takeover and Relationship with Justin Sun

“Frankly, most of our customers are non-US customers by a long shot today and so we could absolutely continue to build the business and grow. It’s just we would no longer be a US taxpayer where we paid probably order magnitude of a couple hundred million dollars in taxes here in the United States and I just think that it doesn’t serve the US agenda to drive us offshore.”

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